Preferred holders should expect to receive cash and the stock will be delisted. The redemption price provides a clear upside for holders who acquired shares below $31.14.
Price Chart
Executive Summary
Southern California Gas Co shareholders approved the mandatory retirement of all outstanding 6% Preferred Stock and 6% Preferred Stock, Series A at $31.00 per share plus accrued dividends (total $31.135616/share). The preferred shares will be delisted from OTC Markets on August 13, 2026 and retired on August 17, 2026. This is a definitive call event for preferred holders, who will receive a significant premium over the $25 par value.
Key Facts
- Shareholders approved the retirement of all outstanding Preferred Stock (79,011 shares) and Series A Preferred Stock (783,032 shares).
- Each share will receive $31.135616, comprising $31.00 plus accrued dividends through the retirement date.
- Delisting from OTC Markets expected around August 13, 2026; retirement effective August 17, 2026.
- The authorized number of shares for both preferred classes will be reduced to zero.
Financial Impact
Per share cash payment of $31.135616 on approximately 862,043 outstanding preferred shares; total cash outlay not explicitly stated but implied to be in the tens of millions.
Risk Factors
- No material risk for preferred holders as the redemption is mandatory and fully funded.
- Potential tax implications from capital gains on the premium over cost basis.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000092108-26-000020 |
| Exhibit: ex3_1xscgformofrestatedart.htm | 0000092108-26-000020 |
| Document: 0000092108-26-000020-index-headers.html | 0000092108-26-000020 |
| Document: 0000092108-26-000020-index.html | 0000092108-26-000020 |
| Document: 0000092108-26-000020.txt | 0000092108-26-000020 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 17, 2026 10w ago | 424B5 | $31.06 | awaiting T+5 | — | — |
Aug 7, 2026 11w ago | 8-K | $30.96 $31.06 | ▲ +0.32% | ▼ −0.08% | — |
Jul 27, 2026 13w ago | DEFA14A | $31.23 $30.00 | ▼ −3.94% | ▼ −6.45% | — |
Jul 20, 2026 14w ago | DEFA14A | $31.24 $31.23 | ▼ −0.03% | ▲ +0.37% | — |
Jul 6, 2026 16w ago | DEFA14A | $29.80 $31.24 | ▲ +4.83% | ▲ +5.11% | — |
Jul 1, 2026 16w ago | DEFA14A | $29.75 $29.80 | ▲ +0.17% | ▲ +0.22% | — |
Apr 21, 2026 26w ago | S-3ASR | $25.39 $25.39 | · 0.00% | ▼ −0.05% | — |
Apr 8, 2026 28w ago | 8-K | $26.43 $26.43 | · 0.00% | ▲ +3.19% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers